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Bitcoin ATM at my neighbor cornerstone. Adoption?

Bitcoin ATM at my neighbor cornerstone. Adoption? submitted by Eleeo037 to Bitcoin [link] [comments]

Just ran into this at my local gun shop

Just ran into this at my local gun shop submitted by NanoCow to Bitcoin [link] [comments]

Just left my job on Wall St. and started a Bitcoin ATM operating company...Anyone know a business in Dallas TX that wants a Bitcoin ATM?

submitted by bitcoinatmguy to Bitcoin [link] [comments]

Georgia Tombstones (Part 2)

Georgia Tombstones (Part 2)
by Jayge 8^J
"Project Blue Beam is a conspiracy theory that claims that NASA is attempting to implement a New Age religion with the Antichrist at its head and start a New World Order, via a technologically-simulated Second Coming. The allegations were presented in 1994 by Quebecois journalist and conspiracy theorist Serge Monast, and later published in his book Project Blue Beam (NASA). Proponents of the theory allege that Monast and another unnamed journalist, who both died of heart attacks in 1996, were in fact assassinated, and that the Canadian government kidnapped Monast's daughter in an effort to dissuade him from investigating Project Blue Beam. The project was apparently supposed to be implemented in 1983, but it didn't happen. It was then set for implementation in 1995 and then 1996. Monast thought Project Blue Beam would be brought to fruition by the year 2000, really, definitely, for sure. The theory is widely popular (for a conspiracy theory) on the Internet, with many web pages dedicated to the subject, and countless YouTube videos explaining it. The actual source material, however, is very thin indeed. Monast lectured on the theory in the mid-1990s (a transcript of one such lecture is widely available), before writing and publishing his book, which has not been reissued by his current publisher and is all but unobtainable. The currently available pages and videos all appear to trace back to four documents: A transcript of the 1994 lecture by Monast, translated into English. A GeoCities page written by David Openheimer and which appears to draw on the original book. A page on educate-yourself.org, compiled in 2005, which appears to include a translation of the book from the French. Monast's page in French Wikipedia. The French Wikipedia article is largely sourced from two books on conspiracy theories and extremism by Pierre-André Taguieff, a mainstream academic expert on racist and extremist groups. From these few texts have come a flood of green ink, in text and video form, in several languages. Even the French language material typically does not cite the original book but the English language pages on educate-yourself.org. However, conspiracy theorists seem to use quantity as a measure of substance (much as alternative medicine uses appeal to tradition) and never mind the extremely few sources it all traces back to. Proponents of the theory have extrapolated it to embrace HAARP, 9/11, the Norwegian Spiral, chemtrails, FEMA concentration camps and Tupac Shakur. Everything is part of Project Blue Beam. It's well on its way to becoming the Unified Conspiracy Theory. Behold A Pale Horse, William Cooper's 1991 green ink magnum opus, has lately been considered a prior claim of, hence supporting evidence for, Blue Beam by advocates. The book is where a vast quantity of now-common conspiracy memes actually came from, so retrospectively claiming it as prior evidence is somewhere between cherrypicking and the Texas sharpshooter fallacy. However, the following quotes, from pages 180-181, intersect slightly with the specific themes of Blue Beam: It is true that without the population or the bomb problem the elect would use some other excuse to bring about the New World Order. They have plans to bring about things like earthquakes, war, the Messiah, an extra-terrestrial landing, and economic collapse. They might bring about all of these things just to make damn sure that it does work. They will do whatever is necessary to succeed. The Illuminati has all the bases covered and you are going to have to be on your toes to make it through the coming years. Can you imagine what will happen if Los Angeles is hit with a 9.0 quake, New York City is destroyed by a terrorist-planted atomic bomb, World War III breaks out in the Middle East, the banks and the stock markets collapse, Extraterrestrials land on the White House lawn, food disappears from the markets, some people disappear, the Messiah presents himself to the world, and all in a very short period of time? Can you imagine? The world power structure can, and will if necessary, make some or all of those things happen to bring about the New World Order. “Without a universal belief in the new age religion, the success of the new world order will be impossible!” The alleged purpose of Project Blue Beam is to bring about a global New Age religion, which is seen as a core requirement for the New World Order's dictatorship to be realised. There's nothing new in thinking of religion as a form of control, but the existence of multiple religions, spin-off cults, competing sects and atheists suggest that controlling the population entirely through a single religion isn't particularly easy. Past attempts have required mechanisms of totalitarianism such as the Inquisition. Monast's theory, however, suggests using sufficiently advanced technology to trick people into believing. Of course, the plan would have to assume that people could never fathom the trick at all — something contested by anyone sane enough not to swallow this particular conspiracy. The primary claimed perpetrator of Project Blue Beam is NASA, presented as a large and mostly faceless organization that can readily absorb such frankly odd accusations, aided by the United Nations, another old-time boogeyman of conspiracy theorists. According to Monast, the project has four steps: Step One requires the breakdown of all archaeological knowledge. This will apparently be accomplished by faking earthquakes at precise locations around the planet. Fake "new discoveries" at these locations "will finally explain to all people the error of all fundamental religious doctrines", specifically Christian and Muslim doctrines. This makes some degree of sense — if you want to usurp a current way of thinking you need to completely destroy it before putting forward your own. However, religious belief is notoriously resilient to things like facts. The Shroud of Turin is a famous example that is still believed by many to be a genuine shroud of Jesus as opposed to the medieval forgery that it has been conclusively shown to be. Prayer studies, too, show how difficult it is to shift religious conviction with mere observational fact — indeed, many theologians avoid making falsifiable claims or place belief somewhere specifically beyond observation to aid this. So what finds could possibly fundamentally destroy both Christianity and Islam, almost overnight, and universally all over the globe? Probably nothing. Yet, this is only step one of an increasingly ludicrous set of events that Project Blue Beam predicts will occur. Step Two involves a gigantic "space show" wherein three-dimensional holographic laser projections will be beamed all over the planet — and this is where Blue Beam really takes off. The projections will take the shape of whatever deity is most predominant, and will speak in all languages. At the end of this light show, the gods will all merge into one god, the Antichrist. This is a rather baffling plan as it seems to assume people will think this is actually their god, rather than the more natural twenty-first century assumption that it is a particularly opaque Coca Cola advertisement. Evidence commonly advanced for this is a supposed plan to project the face of Allah, despite its contradiction with Muslim belief of God's uniqueness, over Baghdad in 1991 to tell the Iraqis to overthrow Saddam Hussein. Someone, somewhere, must have thought those primitive, ignorant non-Western savages wouldn't have had television or advertising, and would never guess it was being done with mirrors. In general, pretty much anything that either a) involves light or b) has been seen in the sky has been put forward as evidence that Project Blue Beam is real, and such things are "tests" of the technology — namely unidentified flying objects. Existing display technology such as 3D projection mapping and holograms are put forward as foreshadowing the great light show in the sky. This stage will apparently be accomplished with the aid of a Soviet computer that will be fed "with the minute physio-psychological particulars based on their studies of the anatomy and electro-mechanical composition of the human body, and the studies of the electrical, chemical and biological properties of the human brain", and every human has been allocated a unique radio wavelength. The computers are also capable of inducing suicidal thoughts. The Soviets are (not "were") the "New World Order" people. Why NASA would use a Soviet computer when the USSR had to import or copy much of its computer technology from the West is not detailed. The second part of Step Two happens when the holograms result in the dissolution of social and religious order, "setting loose millions of programmed religious fanatics through demonic possession on a scale never witnessed before." The United Nations plans to use Beethoven's "Ode to Joy" as the anthem for the introduction of the new age one world religion. There is relatively little to debunk in this, the most widely remembered section of the Project Blue Beam conspiracy, as the idea is so infeasible. Citing actual existing communication technology is odd if the point is for the end product to appear magical, rather than just as cheap laser projections onto clouds. This hasn't stopped some very strange conspiracy theories about such things popping up. Indeed, the notion of gods being projected into the sky was floated in 1991 by conspiracy theorist Betty J. Mills. And US general (and CIA shyster extraordinaire), Edward Lansdale, actually floated a plan to fake a Second Coming over Cuba to get rid of Castro. Step Three is "Telepathic Electronic Two-Way Communication." It involves making people think their god is speaking to them through telepathy, projected into the head of each person individually using extreme low frequency radio waves. (Atheists will presumably hear an absence of Richard Dawkins.) The book goes to some lengths to describe how this would be feasible, including a claim that ELF thought projection caused the depressive illness of Michael Dukakis' wife Kitty. Step Four has three parts: Making humanity think an alien invasion is about to occur at every major city; Making the Christians think the Rapture is about to happen; A mixture of electronic and supernatural forces, allowing the supernatural forces to travel through fiber optics, coax, power and telephone lines to penetrate all electronic equipment and appliances, that will by then all have a special microchip installed. Then chaos will break out, and people will finally be willing — perhaps even desperate — to accept the New World Order. "The techniques used in the fourth step is exactly the same used in the past in the USSR to force the people to accept Communism." A device has apparently already been perfected that will lift enormous numbers of people, as in a Rapture. UFO abductions are tests of this device. Project Blue Beam proponents believe psychological preparations have already been made, Monast having claimed that 2001: A Space Odyssey, Star Wars and the Star Trek series all involve an invasion from space and all nations coming together (the first two don't, the third is peaceful contact) and that Jurassic Park propagandises evolution in order to make people think God's words are lies. The book detailed the theory. In the 1994 lecture, Monast detailed what would happen afterwards. All people will be required to take an oath to Lucifer with a ritual initiation to enter the New World Order. Resisters will be categorised as follows: Christian children will be kept for human sacrifice or sexual slaves. Prisoners to be used in medical experiments. Prisoners to be used as living organ banks. Healthy workers in slave labour camps. Uncertain prisoners in the international re-education center, thence to repent on television and learn to glorify the New World Order. The international execution centre. An as yet unknown seventh classification. Joel Engel's book Gene Roddenberry: The Myth and the Man Behind Star Trek was released in 1994, shortly before Monast's lecture on Project Blue Beam: “In May 1975, Gene Roddenberry accepted an offer from Paramount to develop Star Trek into a feature film, and moved back into his old office on the Paramount lot. His proposed story told of a flying saucer, hovering above Earth, that was programmed to send down people who looked like prophets, including Jesus Christ.” All the steps of the conspiracy theory were in the unmade mid-'70s Star Trek film script by Roddenberry, which were recycled for the Star Trek: The Next Generation episode Devil's Due, broadcast in 1991. There is no evidence of deliberate fraud on Monast's part; given his head was quite thoroughly full of squirrels and confetti by this time, it's entirely plausible that he thought this was the revelation of secret information in a guise safe for propagation. However, the actual source was so obvious that even other conspiracy theorists noticed. They confidently state it was obvious that Monast had been fed deceptive information by the CIA. Of course!" -- rationalwiki.org "Serge Monast was a Québécois investigative journalist, poet, essayist and conspiracy theorist. He is known to English-speaking readers mainly for Project Blue Beam and associated conspiracy tropes. His works on Masonic conspiracy theories and the New World Order also remain popular with French-speaking conspiracy theorists and enthusiasts." -- Wikipedia
"A human microchip implant is typically an identifying integrated circuit device or RFID transponder encased in silicate glass and implanted in the body of a human being. This type of subdermal implant usually contains a unique ID number that can be linked to information contained in an external database, such as personal identification, law enforcement, medical history, medications, allergies, and contact information. The first experiments with an RFID implant were carried out in 1998 by the British scientist Kevin Warwick. His implant was used to open doors, switch on lights, and cause verbal output within a building. After nine days the implant was removed and has since been held in the Science Museum (London). On 16 March 2009 British scientist Mark Gasson had an advanced glass capsule RFID device surgically implanted into his left hand. In April 2010 Gasson's team demonstrated how a computer virus could wirelessly infect his implant and then be transmitted on to other systems. Gasson reasoned that with implanted technology the separation between man and machine can become theoretical because the technology can be perceived by the human as being a part of their body. Because of this development in our understanding of what constitutes our body and its boundaries he became credited as being the first human infected by a computer virus. He has no plans to remove his implant. Several hobbyists have placed RFID microchip implants into their hands or had them inserted by others. Amal Graafstra, author of the book RFID Toys, asked doctors to place implants in his hands in March 2005. A cosmetic surgeon used a scalpel to place a microchip in his left hand, and his family doctor injected a chip into his right hand using a veterinary Avid injector kit. Graafstra uses the implants to access his home, open car doors, and to log on to his computer. With public interest growing, in 2013 he launched biohacking company Dangerous Things and crowdfunded the world's first implantable NFC transponder in 2014. He has also spoken at various events and promotional gigs including TEDx, and built a smartgun that only fires after reading his implant. Alejandro Hernandez CEO of Futura is known to be the first in Central America to have Dangerous Things' transponder installed in his left hand by Federico Cortes in November 2017. Mikey Sklar had a chip implanted into his left hand and filmed the procedure. Jonathan Oxer self-implanted an RFID chip in his arm using a veterinary implantation tool. Martijn Wismeijer, Dutch marketing manager for Bitcoin ATM manufacturer General Bytes, placed RFID chips in both of his hands to store his Bitcoin private keys and business card. Patric Lanhed sent a “bio-payment” of one euro worth of Bitcoin using a chip embedded in his hand. Marcel Varallo had an NXP chip coated in Bioglass 8625 inserted into his hand between his forefinger and thumb allowing him to open secure elevators and doors at work, print from secure printers, unlock his mobile phone and home, and store his digital business card for transfer to mobile phones enabled for NFC. Biohacker Hannes Sjöblad has been experimenting with NFC (Near Field Communication) chip implants since 2015. During his talk at Echappée Voléé 2016 in Paris, Sjöblad disclosed that he has also implanted himself between his forefinger and thumb and uses it to unlock doors, make payments, and unlock his phone (essentially replacing anything you can put in your pockets). Additionally, Sjöblad has hosted several "implant parties," where interested individuals can also be implanted with the chip. Researchers have examined microchip implants in humans in the medical field and they indicate that there are potential benefits and risks to incorporating the device in the medical field. For example, it could be beneficial for noncompliant patients but still poses great risks for potential misuse of the device. Destron Fearing, a subsidiary of Digital Angel, initially developed the technology for the VeriChip. In 2004, the VeriChip implanted device and reader were classified as Class II: General controls with special controls by the FDA; that year the FDA also published a draft guidance describing the special controls required to market such devices. About the size of a grain of rice, the device was typically implanted between the shoulder and elbow area of an individual’s right arm. Once scanned at the proper frequency, the chip responded with a unique 16-digit number which could be then linked with information about the user held on a database for identity verification, medical records access and other uses. The insertion procedure was performed under local anesthetic in a physician's office. Privacy advocates raised concerns regarding potential abuse of the chip, with some warning that adoption by governments as a compulsory identification program could lead to erosion of civil liberties, as well as identity theft if the device should be hacked. Another ethical dilemma posed by the technology, is that people with dementia could possibly benefit the most from an implanted device that contained their medical records, but issues of informed consent are the most difficult in precisely such people. In June 2007, the American Medical Association declared that "implantable radio frequency identification (RFID) devices may help to identify patients, thereby improving the safety and efficiency of patient care, and may be used to enable secure access to patient clinical information", but in the same year, news reports linking similar devices to cancer caused in laboratory animals had a devastating impact on the company's stock price and sales. In 2010, the company, by then called "PositiveID", withdrew the product from the market due to poor sales. In January 2012, PositiveID sold the chip assets to a company called VeriTeQ that was owned by Scott Silverman, the former CEO of Positive ID. In 2016, JAMM Technologies acquired the chip assets from VeriTeQ; JAMM's business plan was to partner with companies selling implanted medical devices and use the RFID tags to monitor and identify the devices. JAMM Technologies is co-located in the same Plymouth, Minnesota building as Geissler Corporation with Randolph K. Geissler and Donald R. Brattain listed as its principals. The website also claims that Geissler was CEO of PositiveID Corporation, Destron Fearing Corporation, and Digital Angel Corporation. In 2018, A Danish firm called BiChip released a new generation of microchip implant that is intended to be readable from distance and connected to Internet. The company released an update for its microchip implant to associate it with the Ripple cryptocurrency to allow payments to be made using the implanted microchip. In February 2006, CityWatcher, Inc. of Cincinnati, OH became the first company in the world to implant microchips into their employees as part of their building access control and security system. The workers needed the implants to access the company's secure video tape room, as documented in USA Today. The project was initiated and implemented by Six Sigma Security, Inc. The VeriChip Corporation had originally marketed the implant as a way to restrict access to secure facilities such as power plants. A major drawback for such systems is the relative ease with which the 16-digit ID number contained in a chip implant can be obtained and cloned using a hand-held device, a problem that has been demonstrated publicly by security researcher Jonathan Westhues and documented in the May 2006 issue of Wired magazine, among other places. The Baja Beach Club, a nightclub in Rotterdam, the Netherlands, once used VeriChip implants for identifying VIP guests. The Epicenter in Stockholm, Sweden is using RFID implants for employees to operate security doors, copiers, and pay for lunch. In 2017 Mike Miller, chief executive of the World Olympians Association, was widely reported as suggesting the use of such implants in athletes in an attempt to reduce problems in sport due to drug taking. Theoretically, a GPS-enabled chip could one day make it possible for individuals to be physically located by latitude, longitude, altitude, speed, and direction of movement. Such implantable GPS devices are not technically feasible at this time. However, if widely deployed at some future point, implantable GPS devices could conceivably allow authorities to locate missing persons and/or fugitives and those who fled from a crime scene. Critics contend, however, that the technology could lead to political repression as governments could use implants to track and persecute human rights activists, labor activists, civil dissidents, and political opponents; criminals and domestic abusers could use them to stalk and harass their victims; and child abusers could use them to locate and abduct children. Another suggested application for a tracking implant, discussed in 2008 by the legislature of Indonesia's Irian Jaya would be to monitor the activities of persons infected with HIV, aimed at reducing their chances of infecting other people. The microchipping section was not, however, included into the final version of the provincial HIV/AIDS Handling bylaw passed by the legislature in December 2008. With current technology, this would not be workable anyway, since there is no implantable device on the market with GPS tracking capability. Since modern payment methods rely upon RFID/NFC, it is thought that implantable microchips, if they were to ever become popular in use, would form a part of the cashless society. Verichip implants have already been used in nightclubs such as the Baja club for such a purpose, allowing patrons to purchase drinks with their implantable microchip. In a self-published report anti-RFID advocate Katherine Albrecht, who refers to RFID devices as "spy chips", cites veterinary and toxicological studies carried out from 1996 to 2006 which found lab rodents injected with microchips as an incidental part of unrelated experiments and dogs implanted with identification microchips sometimes developed cancerous tumors at the injection site (subcutaneous sarcomas) as evidence of a human implantation risk. However, the link between foreign-body tumorigenesis in lab animals and implantation in humans has been publicly refuted as erroneous and misleading and the report's author has been criticized over the use of "provocative" language "not based in scientific fact". Notably, none of the studies cited specifically set out to investigate the cancer risk of implanted microchips and so none of the studies had a control group of animals that did not get implanted. While the issue is considered worthy of further investigation, one of the studies cited cautioned "Blind leaps from the detection of tumors to the prediction of human health risk should be avoided". The Council on Ethical and Judicial Affairs (CEJA) of the American Medical Association published a report in 2007 alleging that RFID implanted chips may compromise privacy because there is no assurance that the information contained in the chip can be properly protected. Following Wisconsin and North Dakota, California issued Senate Bill 362 in 2007, which makes it illegal to force a person to have a microchip implanted, and provide for an assessment of civil penalties against violators of the bill. In 2008, Oklahoma passed 63 OK Stat § 63-1-1430 (2008 S.B. 47), that bans involuntary microchip implants in humans. On April 5, 2010, the Georgia Senate passed Senate Bill 235 that prohibits forced microchip implants in humans and that would make it a misdemeanor for anyone to require them, including employers. The bill would allow voluntary microchip implants, as long as they are performed by a physician and regulated by the Georgia Composite Medical Board. The state's House of Representatives did not take up the measure. On February 10, 2010, Virginia's House of Delegates also passed a bill that forbids companies from forcing their employees to be implanted with tracking devices. Washington State House Bill 1142-2009-10 orders a study using implanted radio frequency identification or other similar technology to electronically monitor sex offenders and other felons. The general public are most familiar with microchips in the context of tracking their pets. In the U.S., some Christian activists, including conspiracy theorist Mark Dice, the author of a book titled The Resistance Manifesto, make a link between the PositiveID and the Biblical Mark of the Beast, prophesied to be a future requirement for buying and selling, and a key element of the Book of Revelation. Gary Wohlscheid, president of These Last Days Ministries, has argued that "Out of all the technologies with potential to be the mark of the beast, VeriChip has got the best possibility right now"." -- Wikipedia
"In this latest book Joseph P Farrell examines the subject of mind control, but from a very unusual perspective, showing that its basic underlying philosophy, and goal, is not only cosmological in nature, but that the cosmology in view is very ancient, and that mind control of any sort, from the arts to hypnosis, remote electromagnetic technologies and “electroencephalographic dictionaries” has cosmological implications." -- Microcosm and Medium: The Cosmic Implications and Agenda of Mind Control Technologies publisher's description
submitted by anti-ZOG-sci-fry to u/anti-ZOG-sci-fry [link] [comments]

Bitcoin Mining & The Beauty Of Capitalism

Authored by Valentin Schmid via The Epoch Times,
While the price of bitcoin drops, miners get more creative... and some flourish.
The bitcoin price is crashing; naysayers and doomsayers are having a field day. The demise of the dominant cryptocurrency is finally happening — or is it?
Bitcoin has been buried hundreds of times, most notably during the brutal 90 percent decline from 2013 to 2015. And yet it has always made a comeback.
Where the skeptics are correct: The second bitcoin bubble burst in December of last year and the price is down roughly 80 percent from its high of $20,000. Nobody knows whether and when it will see these lofty heights again.
As a result, millions of speculators have been burned, and big institutions haven’t showed up to bridge the gap.
This also happened on a smaller scale in 2013 after a similar 100x run-up, and it was necessary.

Time to Catch Up

What most speculators and even some serious proponents of the independent and decentralized monetary system don’t understand: Bitcoin needs these pauses to make improvements in its infrastructure.
Exchanges, which could not handle the trading volumes at the height of the frenzy and did not return customer service inquiries, can take a breather and upgrade their systems and hire capable people.
The technology itself needs to make progress and this needs time. Projects like the lightning network, a system which delivers instant bitcoin payments at very little cost and at virtually unlimited scale is now only available to expert programmers.
A higher valuation is only justified if these improvements reach the mass market.
And since we live in a world where everything financial is tightly regulated, for better or worse, this area also needs to catch up, since regulators are chronically behind the curve of technological progress.
And of course, there is bitcoin mining. The vital infrastructure behind securing the bitcoin network and processing its transactions has been concentrated in too few hands and in too few places, most notably China, which still hosts about 70 percent of the mining capacity.

The Case For Mining

Critics have always complained that bitcoin mining consumes “too much” electricity, right now about as much as the Czech Republic. In energy terms this is around 65 terawatt hours or 230,000,000 gigajoules, costing $3.3 billion dollars according to estimates by Digiconomist.
For the non-physicists among us, this is around as much as consumed by six million energy-guzzling U.S. households per year.
All those estimates are imprecise because the aggregate cannot know how much energy each of the different bitcoin miners consumes and how much that electricity costs. But they are a reasonable rough estimate.
So it’s worth exploring why mining is necessary to begin with and whether the electricity consumption is justified.
Anything and everything humans do consumes resources. The question then is always: Is it worth it? And: Who decides?
This question then leads to the next question: Is it worth having and using money? Most people would argue yes, because using money instead of barter in fact makes economic transactions faster and cheaper and thus saves resources, natural and human.

_Merchants exchange goods with the inhabitants of Tidore, Indonesia, circa 1550. Barter was supplanted by using money because it is more efficient. (Archive/Getty Images)_If we are generously inclined, we will grant bitcoin the status of a type of money or at least currency as it meets the general requirements of being recognizable, divisible, portable, durable, is accepted in exchange for other goods and services, and in this case it is even limited in supply.
So having any type of money has a price, whether it’s gold, dollar bills, or numbers on the screen of your online banking system. In the case of bitcoin, it’s the electricity and the capital for the computing equipment, as well as the human resources to run these operations.
If we think having money in general is a good idea and some people value the decentralized and independent nature of bitcoin then it would be worth paying for verifying transactions on the bitcoin network as well as keeping the network secure and sound: Up until the point where the resources consumed would outweigh the efficiency benefits. Just like most people don’t think it’s a bad idea to use credit cards and banks, which consume electricity too.
However, bitcoin is a newcomer and this is why it’s being scrutinized even more so than the old established players.

Different Money, Different Costs

How many people know how much electricity, human lives, and other resources gold mining consumes or has consumed in the course of history? What about the banking system? Branches, servers, air-conditioning, staff? What about printing dollar notes and driving them around in armored trucks?
What about the social effects of monetary mismanagement of bank and government money like inflation as well as credit deflations? Gold gets a pass here.
Most people haven’t asked that question, which is why it’s worth pointing out the only comprehensive study done on the topic in 2014. In “An Order of Magnitude” the engineer Hass McCook analyzes the different money systems and reaches mind-boggling conclusions.
The study is a bit dated and of course the aggregations are also very rough estimates, but the ball park numbers are reasonable and the methodology sound.
In fact, according to the study, bitcoin is the most economic of all the different forms of money.
Gold mining in 2014 used 475 million GJ, compared to bitcoin’s 230 million in 2018. The banking system in 2014 used 2.3 billion gigajoules.
Over 100 people per year die trying to mine gold. But mining costs more than electricity. It consumes around 300,000 liters of water per kilogram of gold mined as well as 150 kilogram (330 pounds) of cyanide and 1500 tons of waste and rubble.
The international banking system has been used in all kinds of fraudulent activity throughout history: terrorist financing, money laundering, and every other criminal activity under the sun at a cost of trillions of dollars and at an order of magnitude higher than the same transactions done with cryptocurrency and bitcoin.
And of course, while gold has a relatively stable value over time, our bank and government issued money lost about 90 percent of its purchasing power over the last century, because it can be created out of thin air. This leads to inflation and a waste of physical and human resources because it distorts the process of capital allocation.

_The dollar has lost more than 90 percent of its value since the creation of the Federal Reserve in 1913. (Source: St. Louis Fed)_This is on top of the hundreds of thousands of bank branches, millions of ATMs and employees which all consume electricity and other resources, 10 times as much electricity alone as the bitcoin network.
According to monetary philosopher Saifedean Ammous, author of “The Bitcoin Standard,” the social benefit of hard money, i.e. money that can’t be printed by government decree, cannot even be fathomed; conversely, the true costs of easy money—created by government fiat and bank credit—are difficult to calculate.
According to Ammous, bitcoin is the hardest money around, even harder than gold because its total supply is capped, whereas the gold supply keeps increasing at about 1-2 percent every year.
“Look at the era of the classical gold standard, from 1871, the end of the Franco–Prussian War, until the beginning of World War I. There’s a reason why this is known as the Golden Era, the Gilded Age, and La Belle Epoque. It was a time of unrivaled human flourishing all over the world. Economic growth was everywhere. Technology was being spread all over the world. Peace and prosperity were increasing everywhere around the world. Technological innovations were advancing.
“I think this is no coincidence. What the gold standard allowed people to do is to have a store of value that would maintain its value in the future. And that gave people a low time preference, that gave people the incentive to think of the long term, and that made people want to invest in things that would pay off over the long term … bitcoin is far closer to gold. It is a digital equivalent of gold,” he said in an interview with The Epoch Times.
Of course, contrary to the gold standard that Ammous talks about, bitcoin doesn’t have a track record of being sound money in practice. In theory it meets all the criteria, but in the real world it hasn’t been adopted widely and has been so volatile as to be unusable as a reliable store of value or as the underlying currency of a productive lending market.
The proponents argue that over time, these problems will be solved the same way gold spread itself throughout the monetary sphere replacing copper and seashells, but even Ammous concedes the process may take decades and the outcome is far from certain. Gold is the safe bet for sound money, bitcoin has potential.
There is another measure where bitcoin loses out, according to a recent study by researchers from the Oak Ridge Institute in Cincinnati, Ohio.
It is the amount of energy expended per dollar for different monetary instruments. One dollar worth of bitcoin costs 17 megajoules to mine versus five for gold and seven for platinum. But the study omits the use of cyanide, water, and other physical resources in mining physical metals.
In general, the comparisons in dollar terms go against bitcoin because it is worth relatively less, only $73 billion in total at the time of writing. An issue that could be easily fixed at a higher price, but a higher price is only justified if the infrastructure improves, adoption increases, volatility declines, and the network proves its resilience to attacks over time.
In the meantime, market participants still value the fact they can own a currency independent of the government, completely digital, easily fungible, and limited in supply, and relatively decentralized. And the market as a whole is willing to pay a premium for these factors reflected in the higher per dollar prices for mining bitcoin.

The Creativity of Bitcoin Mining

But where bitcoin mining lacks in scale, it makes up for it in creativity.
In theory—and in practice—bitcoin mining can be done anywhere where there is cheap electricity. So bitcoin mining operations can be conducted not where people are (banking) or where government is (fiat cash) or where gold is (gold mining)—it can be done everywhere where there is cheap electricity
Some miners are flocking to the heat of the Texan desert where gas is virtually available for free, thanks to another oil revolution.
Other miners go to places where there is cheap wind, water, or other renewable energy.
This is because they don’t have to build bank branches, printing presses, and government buildings, or need to put up excavators and conveyor belts to dig gold out of the ground.
All they need is internet access and a home for the computers that look like a shipping container, each one of which has around 200 specialized bitcoin mining computers in them.
“The good thing about bitcoin mining is that it doesn’t matter where on earth a transaction happens, we can verify it in our data center here. The miners are part of the decentralized philosophy of bitcoin, it’s completely independent of your location as well,” said Moritz Jäger, chief technology officer at bitcoin Mining company Northern Bitcoin AG.

Centralized Mining

But so far, this decentralization hasn’t worked out as well as it sounds in theory.
Because Chinese local governments had access to subsidized electricity, it was profitable for officials to cut deals with bitcoin mining companies and supply them with cheap electricity in exchange for jobs and cutbacks. Sometimes the prices were as low as 2 dollar cents to 4 dollar cents per kilowatt hour.
This is why the majority of bitcoin mining is still concentrated in China (around 70 percent) where it was the most profitable, but only because the Chinese central planners subsidized the price of electricity.
This set up led to the by and large unwanted result that the biggest miner of bitcoin, a company called Bitmain, is also the biggest manufacturer of specialized computing equipment for bitcoin mining. The company reported revenues of $2.8 billion for the first half of 2018.

Tourists walk on the dunes near a power plant in Xiangshawan Desert in Ordos of Inner Mongolia, in this file photo. bitcoin miners have enjoyed favorable electricity rates in places like Ordos for a long time. (Feng Li/Getty Images)Centralized mining is a problem because whenever there is one player or a conglomerate of players who control more than 50 percent of the network computing power, they could theoretically crash the network by spending the same bitcoin twice, the so called “double spending problem.“
They don’t have an incentive to do so because it would probably ruin the bitcoin price and their business, but it’s better not to have to rely on one group of people controlling an entire money system. After all, we have that exact same system with central banking and bitcoin was set up as a decentralized alternative.
So far, no player or conglomerate ever reached that 51 percent threshold, at least not since bitcoin’s very early days, but many market participants always thought Bitmain’s corner of the market is a bit too close for comfort.
This favorable environment for Chinese bitcoin mining has been changing with a crack down on local government electricity largess as well as a crackdown on cryptocurrency.
Bitcoin itself and mining bitcoin remain legal in China but cryptocurrency exchanges have been banned since late 2017.
But more needs to be done for bitcoin to become independent of the caprice of a centralized oppressive regime and local government bureaucrats.

Northern Bitcoin Case Study

Enter Northern Bitcoin AG. The company isn’t the only one which is exploring mining opportunities with renewable energies in locations other than China.
But it is special because of the extraordinary set up it has for its operations, the fact that it is listed on the stock exchange in Germany, and the opportunities for scaling it discovered.
The operations of Northern Bitcoin combine the beauties of bitcoin and capitalism in one.
Like Texas has a lot of oil and free gas and it makes sense to use the gas rather than burn it, Norway has a lot of water, especially water moving down the mountains due to rainfall and melting snow.
And it makes sense to use the power of the movement of the water, channel it through pipes into generators to create very cheap and almost unlimited electricity. Norway generates north of 95 percent of its total electricity from hydropower.

A waterfall next to a hydropowerplant near Sandane, Norway, Oct. 25, 2018. (Valentin Schmid/The Epoch Times)Capitalism does not distinguish between renewable and fossil. It uses what is the most expedient. In this case, it is clearly water in Norway, and gas in Texas.
As a side note on the beauties of real capital and the fact that capital and the environment need not be enemies, the water in one of the hydropowerplants close to the Northern Bitcoin facility is piped through a generator made in 1920 by J.M. Voith AG, a company from Heidenheim Germany.
The company was established in 1867 and is still around today. The generator was produced in 1920 and is still producing electricity today.

Excess Power

In the remote regions of Northern Norway, there aren’t that many people or industry who would use the electricity. And rather than transport it over hundreds of miles to the industrial centers of Europe, the industries of the future are moving to Norway to the source of the cheap electricity.
Of course, it is not just bitcoin mining, but other data and computing heavy operations like server farms for cloud computing that can be neatly packaged into one of those containers and shipped up north.
“The containers are beautiful. They are produced in the middle of Germany where the hardware is enabled and tested. Then we put it on a truck and send it up here. When the truck arrives on the outside we lift it on the container vehicle. Two hours after the container arrives, it’s in the container rack. And 40 hours later we enable the cooling, network, power, other systems, and it’s online,” said Mats Andersson, a spokesman for the Lefdal Mine data center in Måløy, Norway, where Northern Bitcoin has its operations. Plug and play.

A Northern Bitcoin data container inside the Lefdal Mine data center, in Måløy, Norway. (Northern Bitcoin)If the cheap electricity wasn’t enough—around 5 cents per kilowatt hour compared to 17 cents in Germany—Norway also provides the perfect storage for these data containers, which are normally racked up in open air parks above the ground.
Also here, the resource allocation is beautiful. Instead of occupying otherwise useful and beautiful parcels of land and nature, the Northern Bitcoin containers and others are stored in the old Lefdal olivine mine.
Olivine is a mineral used for steel production and looks green. Very fitting. Hence also the name of the data center: Lefdal Mine.
“We take the green mineral out and we take the green IT in,” said Andersson.

Efficiency, Efficiency

Using the old mine as storage for the data center makes the whole process even more resource efficient.
Why? So far, we’ve only been talking about bitcoin mining using a lot of energy. But what for? Before you have actually seen the process in action—and it is similar for other computing operations—you cannot imagine how bizarre it is.
Most of the electricity is used to prevent the computers from overheating. So it’s not even the processors themselves; it’s the fans which cool the computer that use the most juice.
This is where the mine helps, because it’s rather cool 160 meters (525 feet) below sea level; certainly cooler than in the Texas desert.
But it gets even better. On top of the air blow-cooling the computer, the Lefdal data center uses a fresh water system to pump through the containers in pipes.
The fans can then circulate air over the cool pipes which transfer the heat to the water. One can feel the difference when touching the different pipes.
The fresh water closed circle loop then completes the “green” or resource efficiency cycle by transferring its heat to ice cold water from the nearby Fjord.
The water is sucked in through a pipe from the Fjord, the heat gets transferred without the water being mixed, and the water flows back to the Fjord, without any impact on the environment.
To top it all off, the mine has natural physical security far better than open air data centers and is even protected from an electromagnetic pulse blast because it’s underground.

_The Nordfjord near Måløy, Norway. The Lefdal data center takes the cold water from the fjord and uses it to cool the computer inside the mine. (Valentin Schmid/The Epoch Times)_Company Dynamics

Given this superlative set up, Northern Bitcoin wants to ramp up production as fast as possible at the Lefdal mine and other similar places in Norway, which have more mountains where data centers can be housed.
At the moment, Northern Bitcoin has 15 containers with 210 mining machines each. The 15 containers produce around 5 bitcoin per day at a total cost of around $2,500 dollars at the end of November 2018 and after the difficulty of solving the math problems went down by ~17 percent.
Most of it is for electricity; the rest is for leasing the containers, renting the mine space, buying and writing off the mining computers, personnel, overhead, etc.
Even at the current relatively depressed prices of around $4000, that’s a profit of $1500 per bitcoin or $7,500 per day.
But the goal is to ramp it up to 280 containers until 2019, producing 100 bitcoin per day. Again, the company is in the sweet spot to do this.
As opposed to the beginning of the year when one could not procure a mining computer from Bitmain even if one’s life depended on it, the current bear market has made them cheap and relatively available both new and second had from miners who had to cease operations because they can’t produce at low bitcoin prices.

Northern Bitcoin containers inside the Lefdal Mine data center in Måløy, Norway. (Northern Bitcoin)What about the data shipping containers? They are manufactured by a company called Rittal who is the world market leader. So it helps that the owner of Rittal also owns 30 percent of the Lefdal mine, providing preferential access to the containers.
Northern Bitcoin said it has enough capital available for the intermediate goal of ramping up to 50 containers until the end of year but may tap the capital markets again for the next step.
The company can also take advantage of the lower German corporate tax rate because revenue is only recorded when the bitcoin are sold in Germany, not when they are mined in Norway.
Of course, every small-cap stock—especially bitcoin companies—have their peculiarities and very high risks. As an example, Northern Bitcoin’s financial statements, although public, aren’t audited.
The equipment in the Lefdal mine in Norway is real and the operations are controlled by the Lefdal personnel, but one has to rely on exclusive information from the company for financials and cost figures, so buyer beware.

Norway Powerhouse?

Northern Bitcoin wants to have 280 containers, representing around 5 percent of the network’s computing power.
But the Lefdal mine alone has a capacity to power and cool 1,500 containers in a 200 megawatt facility, once it is fully built out.
“Here you have all the space, power, and cooling that you need. … Here you can grow,” said Lefdal’s Andersson.

A mine shaft in the Lefdal Mine data center in Måløy, Norway. The whole mine will have a capacity for 1500 containers once fully built out. (Valentin Schmid/The Epoch Times)The Norwegian government was behind an initiative to bring computing power to Norway and make it one of the prime destinations for data centers at the beginning of this decade.
To that effect, the local governments own part of the utility companies which operate the power plants and own part of the Lefdal Mine and other locations. But even without notable subsidies (i.e. cash payments to companies), market players were able to figure it out, for everybody’s benefit.
The utilities win because they can sell their cheap electricity close to home. The computing companies like IBM and Northern Bitcoin win because they can get cheap electricity, storage, and security. Data center operators like Lefdal win because they can charge rent for otherwise unused and unneeded space.
However, in a recent about face, the central government in Oslo has decided to remove cryptocurrency miners from the list of companies which pay a preferential tax rate on electricity consumption.
Normally, energy intensive companies, including data centers, pay a preferential tax on electricity consumed of 0.48 øre ($0.00056 ). According to a report by Norwegian media Aftenposten, this tax will rise to 16.58 øre ($0.019) in 2019 for cryptocurrency miners exclusively.
The argument by left wing politician Lars Haltbrekken who sponsored the initiative: “Norway cannot continue to provide huge tax incentives for the most dirty form of cryptocurrency output […] [bitcoin] requires a lot of energy and generates large greenhouse gas emissions globally.”
Since Norway generates its electricity using hydro, precisely the opposite is true: No greenhouse gas emissions, or any emissions for that matter would be produced, if all cryptomining was done in Norway. As opposed to China, where mining is done with coal and with emissions.
But not only in Norway is the share of renewable and emission free energy high. According to research by Coinshares, Bitcoin’s consumes about 77.6 percent of its energy in the form of renewables globally.
However self-defeating the arguments against bitcoin mining in Norway, the political initiative is moving forward. What it means for Northern Bitcoin is not clear, as they house their containers in Lefdal’s mixed data center, which also has other clients, like IBM.
“It’s not really decided yet; there are still big efforts from IT sectors and parties who are trying to change it. If the decision is taken it might apply for pure crypto sites rather than mixed data centers, like ours,” said Lefdal’s Andersson.
Even in the worst-case scenario, it would mean an increase from ~5 cents to ~6.9 cents per kilowatt hour, or 30 percent more paid on the electricity by Northern Bitcoin, which at ~$3250 would still rank it among the most competitive producers in the world.
Coinshares estimates the average production price at $6,800 per Bitcoin at $0,05 per kilowatt hour of electricity and an 18-months depreciation schedule, but concedes that a profitable miner could “[depreciate] mining gear over 24-30 months, or [pay] less for mining gear than our estimates.”
Jäger says Northern Bitcoin depreciates the equipment over three years and has obtained very favorable prices from Bitmain, making its production much more competitive than the average despite the same cost of electricity. In addition, the natural cooling in the mine also reduces electricity costs overall.

Cheap Producer Advantage

At the moment, however, the tax could be the least of any miners worry, as the bitcoin price is in free-fall.
But what happens when the price crashes further? Suffice it to say that there was bitcoin mining when the dollar price was less than 1 cent and there will be bitcoin mining at lower prices thanks to the design of the network.
Mao Shixing, the founder of mining pool F2pool estimated 600,000 miners have shut down since the November crash in price, according to a report by Coindesk.
As it should be in a competitive system, the most energy intensive and obsolete machines are shut down first.
As with every other commodity, when the price drops, some miners will leave the market, leaving space for cheaper competitors to capture a bigger share. But with bitcoin this is a bit simpler than with copper or gold for example.
When a big copper player goes bankrupt, its competitors have to ramp up production and increase cost to increase their market share. With bitcoin, if 3,000 computers get taken off the total mining pool, they won’t be able to mine the approximately 5 bitcoin any longer.
However, because the difficulty of solving the computationally intensive cryptographic tasks of bitcoin decreases automatically when there are fewer computers engaged in the task, the other players just have to leave their machines running at the same rate for the same cost and they will split the 5 bitcoin among them.
“The moment the price goes down, our production price will go down as well,” said Jäger, a process that already happened from November to December when the difficulty decreased twice in November and the beginning of December.
This naturally favors players like Northern Bitcoin, which are producing at the lower end of the cost spectrum. They will be the ones who shut down last.
And this is a good thing. The more companies like Northern Bitcoin, and countries like Norway—even with the extra tax—the more decentralized the bitcoin system.
The more computers there are in different hands mining bitcoin, the more secure the system becomes, because it will be ever more difficult for one player to reach the 50 percent threshold to crash the system. It is this decentralized philosophy which has kept the bitcoin system running for 10 years. Whether at $1 or $20,000.
submitted by rotoreuters to zerohedge [link] [comments]

20 more bitcoin ATM’s get installed around Washington DC

This is the best tl;dr I could make, original reduced by 57%. (I'm a bot)
Buying cryptocurrency has just become easier for all residents of the US capital, as the American bitcoin ATM network, Coinsource, has now expanded into the Washington DC metropolitan area.
Coinsource, Texas-based bitcoin ATM network, has announced its first entry into the American capital.
The machines will be spread in convenient locations across the area, including a dozen in Washington DC, five in Baltimore, one in Towson, one in Oxon Hill, and one in Takoma Park.
Coinsource introduced eight new machines in Denver, Colorado earlier this month.
Coinsource currently has 182 machines across 18 American states, plus the District of Columbia.
CMO of Coinsource, Bobby Sharp, said, "We are expanding the Bitcoin ATM market further than it's ever been in D.C., offering the lowest rates, exclusive remote enrollment and allowing for at-home account registration. This installment is especially significant to Coinsource, as the philosophy behind decentralized currency is and has always been about giving freedom back to the people. As a company I feel that we have been able to provide financial freedom to the underbanked and unbanked, and I am happy to bring our services to D.C.".
Summary Source | FAQ | Feedback | Top keywords: machines#1 Coinsource#2 DC#3 bitcoin#4 Washington#5
Post found in /Bitcoin, /BitcoinAll, /BitcoinNews and /CryptoCurrency.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

A Letter from the Founder

My name is Ricardo Martinez, the founder of Nexgen a unique conglomerate; comprised of multiple Start ups with a Common Goal.
The goal? To develop quality relationships with consumers, merchants and organizations for future opportunities to serve or consult them on many things, among them 1st party products and services.
We believe in a better way of doing business, a better way to advertise without manipulating excessive data being mined. We believe in serving customers to our best of capabilities and go the extra mile every chance we have. To be there any hour of the day to address your concerns.
We also believe in Crypto. We believe in it’s potential to optimize businesses and even entire industries. To better compensate contractors and freelancers. Creating unlimited opportunities. We strive to do our part in leading crypto forward toward mass adoption, internationally.
To accomplish our goals we are launching a Rewards Ecosystem City Rewards, offering Sweepstakes with opportunities to enter multiple times daily in various sweepstakes contests. Offering an Augmented Reality experience like no other, where you can scan our Access codes at participating locations to win rewards, tokens, bitcoin as well as other coins and tokens and search for the prizes in our monthly prize hunts!
A Platform that allows you to access a cash back network for your crypto at Local Businesses rather than visiting the far apart ATM's to withdraw, access delivery for nearly anything with our merchant network using City Ride, you can even use City Ride for other errands like dry cleaning and even have your groceries delivered at a scheduled time in your day convenient for you.
We strive to change the way we engage with local businesses to empower small business owners to compete against Big Business that is constantly innovating towards a future that forces local businesses to band together on a platform that empowers them in many ways. In the end we strive to offer customers a better experience, better service, better convenience at a better price. Simply put because our customers always come first! And all of our employees stand behind that understanding or are otherwise not compatible to be Nexgen employees.
Over the course of 2018 we will expand across North America and in Quarter 4 Internationally to our planned markets including:
Mexico – Canada – United Kingdom – Spain – Brazil
We will also by then have our Company Headquarters established along with our Offices in the different regions we will have expanded to. Along with our Office infrastructure we will have our Incubator spaces as they go hand in hand.
In 2019 we plan to have our Blockchain platform fully developed and ready for launch. At that point we will transition our Active Post ICO platforms to the NX Ecosystem powered on the Nexgen Blockchain. We will be establishing a powerful mining network through a Point of Sale System that accepts Cash, Cards as well as Crypto and doubles as a mining rig. We plan to have it be self-sustaining to be wireless and simply have a solar powered battery.
Between 2019 and 2020 we plan to develop and launch a solar marketplace for our interchangeable battery cells for a line of electronics we plan to develop and launch including our Point of Sale System and a Home entertainment System that is fully wireless using these Battery Cells.
By having merchants offer interchangeable batteries as a service we plan to create a localized market of interchangeable batteries for key electronic devices and appliances such as Wireless Tv’s, Dishwashers, Laundry Washers as well as Dryers, Cell phones with long term batteries and even Laptops.
Nexgen as you can see has a vision for the near future, but we also have a long term vision with goals to attain. In 2018 we plan to establish ourselves in various industries as serious competitors with innovation and likeminded employees that are empowered within our company to help us accomplish our goals.
We plan to reach the milestones we have laid out for ourselves at Nexgen that will be announced as they are accomplished rather than used to produce unnecessary hype.
Currently in Quarter 2 we are establishing our Home Market IL and in the process of hiring 81 Employees for our Market Launch. In May we will begin the process of expanding to Texas as well as Ohio and by end of June we will have launched operations in New York and California.
In Quarter 3 we plan to Expand to an additional 5 Markets Including:
Arizona – Florida – New Mexico – Massachusetts – Wisconsin
By now we will have our Head Quarters in IL launched along with our first Incubator space. We will in Quarter 3 roll out our incubators for the 10 Expanded Markets. We launch the 2nd phase of ICO’s. We also plan to establish customer service and sales support centers in Mexico while laying out our infrastructure for Full Expansion to 10 Major Markets in Mexico, our first international market.
We plan to establish strong Advertising Partnerships within the Crypto space.
In Quarter 4 We expand to the rest of our first wave of international expansions. The 3rd wave of Nexgen ICO’s are launched as well including for the Nexgen Coin.
This is a brief overview of 2018 for Nexgen. Of course we will provide a more detailed timeline that will be constantly updated with new additions and updates on progress.
Our NX Tokens are Consumer and Merchant Products and platforms. Our main currency within the Ecosystem being our NX Token used for an exclusive commerce platform using the NX cryptocurrency.
Our Nexgen Coin is our Coin for our Nexgen Blockchain, powering the entire nexgen ecosystem and constantly evolving. The value of our Tokens and Coin fully depends on the value our products and services provide to our customers, merchants and advertisers. It’s these 3 parties that provide the constant and long term usage of these tokens and coin. That provides a high daily volume that is reliable. That are not affected by market trends. That’s whole value isn’t dependent on another token or coins value or performance. Investors, enthusiasts and traders that see this value and recognize it’s potential to be a winner financially is not in our control, our main interest or full focus.
We are not intending a Money grab and do not plan to use strategic hype and momentum for spikes in our tokens exchange trading value for short term gains. We plan to use vesting options to ensure purchasers of tokens from the ICO do not dump and negatively affect our integrity. We at Nexgen are allocating 2.5% of token supply for each ICO we do. At a price we believe Is fair and prove we do not intend to squeeze out every drop of money from ICO Purchasers with penny tokens.
Our platforms within Nexgen stand by themselves financially. They are successful. They receive nearly 100% Positive Feedback. We strive for that. For our Advertisers, our merchants, our members, to be pleased with their experience at a Nexgen Company.
City Rewards and City Ride intend to display that through their company operations. They intend to show that Crypto can empower and optimize a business, start up and even an industry. That it’s more than a financial instrument or Technological Advancement with endless opportunities, but also a product and service that can change the way consumers engage with local businesses. It can change the way advertisers pay for advertising within Crypto ecosystems and in the future cross market between ecosystems.
I hope this information I have taken the time to write to you can serve to help you better understand our vision at Nexgen. If you’re a developer, a Coder, an Engineer, a Designer, An Entrepreneur, An Investor, whatever you may specialize in or even if you’re fresh out of Highschool and interested in an opportunity to be part of Nexgen, taking part in building our Next Generation visit us at the website below to Apply. Rest assured one of our Recruiters will be in contact with you within 72 hours on Business Days.
I may be the founder but it’s the Employees that join our company with the intention of making an impact on our Next Generation that will build this company from the bottom up.
My self and my Co-Founder and Investor Brandon Barker are here to find the individuals that will help us in the effort to build the Next Generation. It is these individuals that will help build Nexgen and Nexgen Companies like City Rewards, City Ride, City Aqua, NGM Consulting, Nexgen Advertising, nexgen crypto, among many more future ventures to their fullest extent of Success.
My responsibility is to lay down the Foundation for this company, find the leaders that are going to be part of the team to manage the operations, ensure we staff people with positive attitudes, great personalities, the will to learn new skills and improve communication skills. A Go Getter Attitude.
It’s my job to ensure we’re on track with expansion, with the technological developments and innovations our platform needs. It’s my responsibility to ensure we don’t get left behind. To make sure that we are constantly pushing forward, reaching milestones, creating new opportunities, taking new risks, competing in new industries, empowering new entrepreneurs to ensure we are always Growing.
I know there will be many people with many questions, many concerns, things that our community will need addressed. Customers, Advertisers, Crypto Communities, Members of our platforms. I urge you to visit our Launch website for all the content that can answer as many of those questions and concerns as we are able to.
Over the course of the year we will have live company conferences, Q&A’s, Tech Conferences for our NX Ecosystem and much more.
Make sure to find us on our Social Media including Telegram to stay up to date on all progress, announcements and updates.
As we grow our Premium Merchant Network, Community Vetted Driver network for City Ride, Base of Daily Active users for City Rewards and City Ride among many other important announcements and updates we will make sure to keep everyone up to date on accomplished milestones and weekly progress through our Social Media Platforms and of course our Subreddit!
I hope the information in this letter helps all of you understand Nexgen better and be better suited to explore the Ecosystem and our platforms.
Sincerely
Ricardo Martinez
submitted by City_Rewards to CityRewards [link] [comments]

Bitcoin Center Grand opening and San Antonio gets a Bitcoin ATM

San Antonio gets its first Bitcoin Atm with more to follow.
The San Antonio Crypto Network a group of cryptocurrency activists has started a project aimed to educate San Antonio on Bitcoin and promote its use throughout the city, and surrounding areas, via a Bitcoin Center, BTMs, and business integration.
The Network provides assistance to businesses wishing to implement Bitcoin payment solutions and also is looking to put Bitcoin ATMs at the "best possible locations in San Antonio"
We our so excited to finally open the doors of the San Antonio Bitcoin Center officially March 8th. With this BTM we finally feel complete. We will have a Cryptoart.com raffle and the winner will get a limited edition piece of Small Cryptoart of their choice from the collection as well as $50 dollars worth of bitcoin.
The Lamassu a one-way Bitcoin ATM allows users to buy Bitcoins anonymously in less than one minute. It is located at the San Antonio Bitcoin Center @ 12330 West Avenue, San Antonio Texas from 11am to 7pm. The Center charges 5% commission.
We also hold Bitcoin meetups every Thursday night @ 7PM at the center. Come check us out next week.
Like us at https://www.facebook.com/SAcryptonetwork?ref=hl
follow us at https://twitter.com/alexeaton1411
Check us out at www.sanantoniocryptonetwork.com
submitted by theleximus1 to sanantonio [link] [comments]

Major ATM Manufacturer Integrates Bitcoin, Exposure to Millions of Users

This is the best tl;dr I could make, original reduced by 62%. (I'm a bot)
One of the largest ATM manufacturers in Asia, which also has its headquarters in Texas, has officially integrated Bitcoin into its international ATM models.
For over three years Hyosung has enabled South Korean ATM users to buy and sell Bitcoin through tens of thousands of Hyosung ATMs, located at nearly every convenience store and subway station.
Through the Coinplug mobile app, Hyosung has allowed South Korean users to easily withdraw and deposit cash to sell or obtain Bitcoin, increasing the liquidity of Bitcoin for general consumers in the region.
Benefits of Bitcoin supporting ATMs. Since 2016, most leading Bitcoin markets and their authorities have pressured Bitcoin exchanges and trading platforms to enforce strict Know Your Customer and Anti-Money Laundering policies to crackdown on illicit use cases of Bitcoin and other cryptocurrencies such as Ethereum and Litecoin.
For beginner users and casual investors however, Bitcoin ATMs are significantly simpler to use to buy and sell small amounts of Bitcoin.
Ph of the Philippines, the largest Bitcoin brokerage in Asia with nearly 3 million active users, are working to provide services for general consumers and small-scale Bitcoin investors.
Summary Source | FAQ | Feedback | Top keywords: Bitcoin#1 ATM#2 Hyosung#3 investors#4 users#5
Post found in /Bitcoin, /CryptoCurrency, /CryptoCurrencies, /bitcoin_uncensored, /BitcoinAll, /CoinTelegraph and /AllThingsCrypto.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Instacoin, the largest Bitcoin ATM operator in Canada, adds two new locations in Toronto (25th and 26th machine)

Instacoin has launched two new Bitcoin ATMs in West Toronto, making it a total of 8 machines in the GTA. Here are the details of the two locations:
1)
Cash Shop 5200 Finch Ave W, Toronto, ON M9V 1A0
2)
Texas Chicken & Burgers 2481 Lake Shore Blvd W, Toronto, ON M8V 1C5
For info and prices at all Toronto locations, please visit:
http://instacoinatm.com/bitcoin-toronto-en.html
submitted by instacoin to Bitcoin [link] [comments]

Most Visible Bitcoin ATM to Date - GRB, Major International Convention Center!

I know all the Microsoft stuff is dominating the sub right now, so in case you missed this... There is now a Bitcoin ATM at the George R. Brown Convention center in Houston!
This is a hugely significant. The GRB is a major international convention center and the first in the World to get one. Many news services were there including CNN and Bloomberg. The placement is also superb. It's right next to the Starbucks. This may seem silly, but as a resident of Houston, I can tell you that is the landmark where everyone meets. This will be the most visible Bitcoin ATM to date. If I'm wrong, I'm sure someone will correct me.
Be sure to check out the big Bitcoin sign behind the ATM. Notice the Houston First logo on it. This is the non-profit organization that manages most of Houston's convention, arts, and entertainment venues. Getting them on-board is huge! Houston First was very visible at the event and their attorney even helped me setup the art.
Kudos to CoinVault ATM for scoring this prime location!
CCN picked it up:
https://www.cryptocoinsnews.com/houston-texas-receives-first-bitcoin-atm-george-r-brown-convention-cente
Here are some pics from my phone:
Media:
http://cryptoart.com/wp-content/uploads/2014/12/IMAG0409.jpg
http://cryptoart.com/wp-content/uploads/2014/12/IMAG0396.jpg
Before the event:
http://cryptoart.com/2014/12/11/cryptoart-on-display-at-george-r-brown-convention-centeimag0358/#
Bitcoin / GRB Cake!
http://cryptoart.com/wp-content/uploads/2014/12/IMAG0354.jpg
Bitcoin cookies:
http://cryptoart.com/wp-content/uploads/2014/12/IMAG0361.jpg
Some of the Houston Meetup Bitcoiners:
http://cryptoart.com/wp-content/uploads/2014/12/20141210_142518.jpg
Stop reading. Cryptoart plug below...
Bitcoin Cryptoart: http://cryptoart.com/wp-content/uploads/2014/12/IMAG0426.jpg
Dogecoin too: http://cryptoart.com/wp-content/uploads/2014/12/IMAG0382.jpg
submitted by cryptoart to Bitcoin [link] [comments]

FYI: The one and only bitcoin atm in Austin (at HandleBar on 5th) is out of service.

Thought I'd post in case anyone was thinking about heading downtown to use the machine. Went down there earlier this week and was told the machine has been out of service for more than a month.
Plus, some websites show 3 machines in Austin - there aren't. The 'one and only' now at HandleBar is the same one that used to be at Dominican Joe and there isn't one at the convention center.
Okay, so the website I used (http://www.mylocalbitcoinatm.com/) listed 3 sites. Convention center, HandleBar, Dominican Joe. Dominican Joe and convenion center do not have one, the one at HandleBar is out of service (for about a month).
Other posters have said there are other locations.
This website has 4 locations total - http://coinatmradar.com/city/10/bitcoin-atm-austin/
submitted by BobIsntHere to Austin [link] [comments]

Two new Bitcoin ATMs in Toronto

Instacoin has launched two new Bitcoin ATMs in West Toronto, making it a total of 8 machines in the GTA. Here are the details of the two locations:
1)
Cash Shop 5200 Finch Ave W, Toronto, ON M9V 1A0
2)
Texas Chicken & Burgers 2481 Lake Shore Blvd W, Toronto, ON M8V 1C5
For info and prices at all Toronto locations, please visit:
http://instacoinatm.com/bitcoin-toronto-en.html
submitted by instacoin to BitcoinCA [link] [comments]

First Bitcoin Capital Corp. subsidiary (OTC: BITCF) Enters into MOU with Top Bitcoin ATM Manufacturer InterWallet, LLC

VANCOUVER, B.C. / ACCESSWIRE / March 17, 2014 / BITCoin ATM Franchise Corporation (“Company”) a wholly-owned subsidiary of First Bitcoin Capital Corp., is pleased to announce that it has entered into a memorandum of understanding with leading Bitcoin ATM manufacturer InterWallet, LLC.
The Company has secured rights with InterWallet to exclusively purchase, place and service Bitcoin ATMs, manufactured by InterWallet, in medical marijuana dispensaries, including other high traffic retail locations at Company’s discretion.
Extensive demographic research conducted by BITCoin ATM Franchise Corporation showed that a strategically placed Bitcoin ATM in medical marijuana locations can prove to be extremely profitable.
As a result of its analysis, the company believes these high-traffic locations are beneficial because they attract a wide range of demographic groups, including a generation that is tech savvy, understands crypto-currency, embraces new and emerging technologies and also conducts a lot of its business online or through their smartphones.
The company sees this move as an entrance into the medical marijuana retailing sector. Research shows that medical marijuana has various beneficial clinical applications and is a valuable aid in helping patients control pain.
With nearly 20 U.S. states and the District of Columbia approving and regulating the use of medical marijuana, BITCoin ATM Franchise Corporation says its InterWallet-manufactured Bitcoin ATMs will support the medical marijuana industry by helping patients connect with an array of resources allowing them to make Internet payments using cash or Bitcoin to pay their bills and purchase advanced products or services in the most convenient way possible.
Since the world’s first Bitcoin ATM debuted in Vancouver, British Columbia in 2013, the industry has flourished with Bitcoin ATMs now being installed in many other locations including Austin, Texas; Seattle, Washington; Hong Kong, Ireland and Singapore.
BITCoin ATM Franchise Corporation is the first Bitcoin Company in the world to offer a unique turn-key franchise investment opportunity, offering all legal, regulatory and location services for business owners to earn additional income by getting involved in the lucrative Bitcoin industry with minimal effort.
“We believe Bitcoin ATMs that are located in areas with high foot traffic, such as medical marijuana dispensaries, will only benefit the company’s bottom line and help secure the company’s plans for future growth and expansion,” the company said.
About BITCoin ATM Franchise Corporation:
BITCoin ATM Franchise Corp. is the first Bitcoin Company in the world to offer a unique franchise opportunity for business owners to earn additional income by getting involved in the lucrative Bitcoin industry. The company intends to build a network of Bitcoin ATMs that will be similar to any other ATM franchise company. Investing in a Bitcoin ATM franchise will allow business owners to earn good residual income without spending too much time and effort. A Bitcoin ATM franchise is ideal for those who want to start a small business but don’t have the required capital to do so. As the Bitcoin industry grows, more and more people will begin using the crypto-currency and the ATM, especially if it’s located in an area that has high foot traffic, will be the go-to choice for anyone looking to exchange, buy, or sell Bitcoins easily and quickly in one convenient location.
First Bitcoin Capital Corp. is a developing Canadian-based mining company currently holding concessions of Gold in Venezuela and is preparing to enter the crypto-currency industry. It is the first vertically-integrated consolidation company of the Bitcoin and crypto-currency marketplace.
For more information please visit http://www.bitcoincapitalcorp.com/
About InterWallet, LLC
Company aims to be the largest enterprise grade franchise of modern payment kiosks, with regional distributors buying, selling, installing and maintaining its products all over the world. InterWallet complements bank and credit card based payment systems by enabling internet payments for people who prefer to pay in cash. Company believes credit cards are generally a convenient product that did a great job of bringing internet commerce to where it is today. Finally, its cash or bitcoin based payment flows are far simpler than using a debit or credit card on a web browser. InterWallet’s goal and mission is to allow any person with cash or bitcoin the ability to pay their bills and purchase advanced products or services in the most convenient way possible.
InterWallet Kiosks are Automated Points of Sale that let users pay for online or prepaid services in cash (or bitcoin where relevant). The machine can host many payment apps, including apps by currency exchanges that sell virtual currencies (such as bitcoin), and money transmitters such as Western Union and Moneygram, as well as prepaid products and bill payment products. The Kiosk can help achieve KYC (Know Your Customer) through a built-in document scanner, where regulation requires it. It can also dispense physical plastic cards, such as Prepaid Visa cards, Scratch cards or SIM cards. Those products can then be loaded with value through the Kiosk. For more information please visit http://www.interwallet.com/
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release includes various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which represent the Company's expectations or beliefs concerning future events. Statements containing expressions such as "believes," "anticipates," "intends," or "expects," used in the Company's press releases and in Disclosure Statements and Reports filed with the Over the Counter Markets through the OTC Disclosure and News Service are intended to identify forward-looking statements. All forward-looking statements involve risks and uncertainties. Although the Company believes its expectations are based upon reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurances that actual results will not differ materially from expected results. The Company cautions that these and similar statements included in this report are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof.
Contacts:
[email protected] www.bitcoincapitalcorp.com
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Texas Businesses Embrace Bitcoin ATMs Bitcoin ATM Near Me - YouTube bitcoin atm near me - YouTube Bitcoin Bandits hit North Texas ATMs - YouTube RockItCoin ATM  Hundreds Of Locations

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Texas Businesses Embrace Bitcoin ATMs

Today I headed down to Cafe Blanca in Calgary, Canada to demonstrate how to use a Bitcoin ATM and easily obtain your first bits. Full disclosure: I am friend... Watch this LIVE Bitcoin Transaction at a Bitcoin ATM Machine in Dallas, TX. Bitcoin ATM Machines are being installed in major cities throughout the country. It's so EASY to complete a transaction ... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Bitcoin ATMs are a very commonly discussed methods of buying Bitcoin with money/cash. But what's it like to use one? And are they easy/difficult to use? In t... While some states mull over how to manage the burgeoning cryptocurrency market, the Texas Department of Banking says bitcoin is property rather than currency...

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